Federal Reserve Bank of NY’s Center for Microeconomic Data survey reveals short-term inflation expectations increased among those surveyed.
Sarah Wolak is a staff writer at NMP.
Federal Reserve Bank of NY’s Center for Microeconomic Data survey reveals short-term inflation expectations increased among those surveyed.
Redfin reported that competition is easing in the housing market as mortgage rates and prices hit a tipping point.
Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent, as concerns about a potential recession continue to loom.
As of May 19, the share of median income required to make the P&I payment had climbed to 33.7%, just shy of the 34.1% high reached in July 2006.
Acquisition plans originally announced April 28th.
Marks the 16th consecutive month of double-digit price increases.
Wants to expand its outreach into the Mid-Atlantic region.
Freddie Mac's weekly report found that the 30-year fixed-rate mortgage averaged 5.7%, down from last week's 5.8%.
The second quarter report found that nearly one-third of average U.S. wages were required for major home-ownership expenses.
On an unadjusted basis, the Market Composite Index decreased 20%.